(Alliance News) - Circle Spa on Monday announced that it has been awarded a new project funded by FILSE under the 2021-2027 ERDF regional program.

The project, which has a duration of 18 months, will receive a total non-reimbursable contribution of about EUR770,000, of which about EUR190,000 will accrue to the company.

"The initiative is aimed at the creation of a software solution capable of supporting the decision-making processes of logistics players through specific KPIs for measuring and reporting economic-financial, social, environmental and governance performance, in line with the ESG paradigm," the company explained in a note.

Lead partner in the initiative is Laghezza Spa - a leading Italian company in customs and logistics for companies operating in international markets; in addition to Circle, the other partners participating in the project are Università degli Studi di Genova, NSI Srl and Idata Group.

Circle is flat at EUR6.90 per share.

By Claudia Cavaliere, Alliance News reporter

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